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USDCHF Daily Forecast: April 29

USDCHF Daily Forecast: April 29
Tuesday, April 29th, 2014 @ 3:47 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 0.8740 support area. Immediate resistance is seen around 0.8815. A clear break above that area could trigger further bullish pressure testing 0.8850. Overall I still prefer a bearish scenario at this phase unless price breaks above 0.8870.

usdchfhourly

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